CLAYTON, Mo., Jan. 28, 2013 /PRNewswire/ -- Olin Corporation (OLN) announced today that its fourth quarter 2012 net income was $34.6 million, or $0.43 per diluted share, which compares to $18.7 million, or $0.23 per diluted share in the fourth quarter of 2011. Sales in the fourth quarter of 2012 were $587.6 million, compared to $445.8 million in the fourth quarter of 2011. Joseph D. Rupp, Chairman, President, and Chief Executive Officer said, "During 2012, Olin achieved $373 million of adjusted EBITDA, which is the highest in the history of the company. The record EBITDA was driven by strong results in the Winchester business, improved contributions from bleach and hydrochloric acid in the Chlor Alkali business, and contributions from the KA Steel Chemical Distribution business we acquired in August. As Olin enters 2013, we are optimistic that we can generate adjusted EBITDA in the range of $410 million to $440 million."

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Winchester fourth quarter 2012 sales were $155.8 million compared to $122.5 million in the fourth quarter of 2011. The increase in fourth quarter 2012 sales compared to the fourth quarter of 2011 reflects increased shipments to commercial, military and law enforcement customers. Winchester's fourth quarter 2012 segment earnings were $16.5 million compared to $0.5 million in the fourth quarter of 2011. The increase in segment earnings reflects the impact of higher volumes and improved pricing, which more than offset higher manufacturing and other costs. Winchester's fourth quarter segment earnings included the $3.0 million favorable settlement of a property tax dispute.

What they’re saying is that demand is up across all the market segments-—which is true from other sources as well. And you probly thot the military would buy a little less ammo now that Obamuzzie is winding down his favorite war? But it’s always training and training always takes way more ammo than combat.

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